S.4422

New Jersey S4422 provides a gross income tax credit for certain household pet expenses.

New Jersey S4422 provides a gross income tax credit for certain household pet expenses. The credit is available for qualified everyday pet expenses and qualified medical or veterinary expenses, up to $300 and $600 per year, respectively, with a total credit limit of $900 per taxpayer per year. To claim the credit, taxpayers must submit documentation and receipts demonstrating pet ownership and expenses. The credit applies to taxable years beginning on or after January 1 of the year following the bill's enactment.